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NBC
Nov 26, 2012 2:00am PST
. then where does america stand on the verge of a second obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to
NBC
Nov 25, 2012 3:30pm PST
shoppers say they will be cautious concerned about the economy and the gridlock of the fiscal cliff. >> they will pull back. they don't know what to expect for 2013. they want to remain cautious as we move into the next year. >> reporter: to that point, two-thirds of shoppers say they will use cash or debit cards. we're seeing consumers do a lot more research online and smartphones. kate. >> retail analysts predicting another first this year. for the first time ever online shopping could exceed 10% of all holiday spending. the folks who track these things tell us that amazon was the most visited retail site of all over the holiday weekend, but what happens after your click your mouse and make a purchase. we got an inside look at one of amazon's largest hubs in the u.s. >> reporter: from the moment you check out at amazon.com the process begins. your item is picked, sorted, packed and shipped. this is what the holidays look like here at amazon. to give you some perspective this is one of 40 across the country packed with thousands of items in time for the holiday rush. they're going
FOX News
Nov 23, 2012 1:00pm PST
in the next couple of weeks, but the fiscal cliff is out there. the fiscal cliff for the consumer is the worst thing that has happened since paris hilton released her debut music album, and there is not a lot of hope for congress to resolve anything. >> but consumer confidence is at a file year high so it must translate into opening of the wallets? >>guest: that is a fair point but if you look at the most recent consumer sentiment survey, you talk about future expectations, they are lower when than the last few months, and the lower expectations are because of the fiscal cliff and because of the uncertainty that, althoughs in 2013. >> were you out there today? >>guest: i was. i was spending money trying to keep the economy going. also, buying all deals. i was not trading up to the high priced stuff. not yet. >> out are to have fun. thank you. so, another republican dixing a no tax hike pledge. does that mean tax hikes are coming? with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this frid
CSPAN
Nov 28, 2012 6:00am EST
. >> as the leader mentioned, the issues with regard to the fiscal cliff is pretty straightforward and the president in his press conference shortly after the election stated its his goal and priority, jobs and the economy. ought to be about jobs and the economy. republicans couldn't agree with him more which is why the proposal the president has put forward to solve the fiscal cliff raises taxes on a million small businesses who employ 25% of the work force and an accounting firm has done a study has said if the president's proposal went into effect which is to raise taxes on the small businesses out there that it would cost us over 700,000 jobs and reduce take-home pay by 2% and reduce economic growth by 1.3%. what the president is proposing to do would hurt jobs and the economy, which is again, i ironic in that the president's only solution to solve our fiscal cliff issue is to raise taxes. in 2010, we had the same debate. raise taxes in the middle of a weak economy. at the time economic growth was 2.4 through the first three- quarters. number is 1.8%. the president said you shouldn't weak econom
NBC
Nov 26, 2012 4:00am PST
cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013 and they want to remain cautious as we move forward into the next year. >> kristen dahlgren reporting. congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to
KICU
Nov 26, 2012 7:00pm PST
, to look over the so-called fiscal cliff. some existing tax cuts will expire. that could slow the economy or even move it back into recession. up until now, republicans have been unwilling to consider raising taxes, something that democrats say has to change. >> as president eisenhower says, there will have to be compromises and seeking the middle of this rote isn't just acceptable, it's the only way forward. >> most republicans signed a pledge to never raise taxes, but gop law makers say that now they'll have to put that pledge aside for the good of the nation. >>> on wall street, the markets.finished mixed, nasdaq gained nine, apple leading the way up 8%. >>> shareholders. some analysts had suggested that investigators are underestimate's facebook's growth potential from ad revenue. the stock gained 8% today but is still well below its public offering price. six months ago, the company went public with an ipo price of $38 a share. >>> securities and exchange commission. walters who's a democrat serves as a democrat, she takes over for mary shapiro, shapiro leaves next month in the wake
FOX News
Nov 26, 2012 4:00pm PST
-called fiscal cliff could hurt the economy even if we don't plunge over it. that's the warning from the white house. it says americans may not spend as much during the holidays this holiday season because they're worried about taxes going up in january. if we actually do go over the cliff, the white house says the average middle class family would pay an extra $2,000 or so in taxes next year. officials predict americans will cut back on spending even more and slow down the economic recovery. it's the top story at the bottom of the hour. ed henry is on it. lawmakers getting back to work this week. so where do they stand? >> shep, it's interesting because they can't even agree on whether or not they are at loggerheads. if you listen to white house spokesman jay carney he says things are moving along. they are very hopeful there is going to be a compromise. you speak to mitch mcconnell he says they are hopelessly deadlocked right now and a lack of presidential leadership is making it harder. take a listen. >> we have been very clear about both the president's interest in and willingness to compr
CNBC
Nov 20, 2012 7:00pm EST
ben bernanke gave a warning fix the fiscal cliff or we are headed for a severe recession, so far, no concrete proposals and i have to ask again, are we headed for a stalemate or can we find an economy saving common ground. let's talk. we have abigail disney. we'll have a sudden fiscal cliff? >> i worry about the damage that mighting done in fixing it. you don't think the tax increases that could come at the end of the year and the spending cuts of less 100 build, you don't think those would in deuce a severe recession and everybody on wastreet? >> they are not that big of rate increases so far. welcome to the show and what would you do about it? >> they are proposing letting the bush tax cuts stand for everyone because the top 2%. if you raise them and closing the interest loop hole, fixing the estate tax you come out to $100 trillion in savings. >> serious question, you have a famous name and we welcome you onto the program. do you record that as rich? >> what i regard is irrelevant haven't, the fact of the matter is they represent the bottom of the 2% of easternrners in the cou
FOX News
Nov 26, 2012 7:00pm PST
with half of the equation of the fiscal cliff, but i don't agree if taxes going up is bad for the economy why would we only want half of the taxes to go up? >> greta: that's like the reverse of the democrats. i think senator harry reid thinks it's a good thing that taxes go up, thinks it's a bad thing that spending -- it's a reverse. >> that's why we're at an impasse. we have different philosophies of government. you shouldn't spend more than comes in, and under lower taxes, not raise the taxes. if you want to stimulate the economy, i want to lower taxes, because that's how we get actually more economic growth and maybe more revenue, if you cut tax rates. >> greta: only a month past the election, but we're sort of curious. are you considering or would you think of running for president? >> it's too early to tell. we've got a lot of things we have to do in the next couple of years. i still want to try to fix some of the programs we have. i'd like to save social security by reforming it. same with medicare. i have bills that do both. i think we as republicans have to start talking bases a p
CNN
Nov 28, 2012 4:00am PST
on fiscal cliff and the state of the u.s. economy. >>> other top stories for you this morning, former senator and presidential candidate bob dole expected to be discharged from a washington's walter reed army medical center today. an aide says the 89-year-old checked himself into the hospital for a routine procedure and that he's doing well. you might want to put down the pork chop. a new study from consumer reports found 69% of raw pork products in u.s. supermarkets are contaminated by a foodborne bacteria that can cause fever, cramps and intestinal bleeding. researchers say it means we need better hygiene in animal plants. the pork industry questions the methods used in the study. >> wow. >> cook your meat. >> we eat a lot of bacon on this show. >> the country does or you and i personally? >> the country does. and then you and i personally. >> yeah. >> eat a lot of bake be. awe should microwave it before we -- still ahead this morning on "starting point," might be another stand your ground case to tell you about in the state of florida. teenager shot and killed. the murder suspect s
CNBC
Nov 26, 2012 2:00pm EST
committee is warning his fellow dems that allowing the economy to fall off the fiscal cliff would be a huge mistake. coming up. >>> petsmart ceo explains how he's trying to win a big slice of the $5 billion millions of americans spend every year on their pets with the holiday season. that's a lot of dog biscuits. michelle caruso-cabrera is with me today. don't say we didn't warn you. >>> i am down here in philadelphia as part of our "recovery road trip." mandy is all warm and toasty in inglewood cliffs. but we're having a good time here. americans may spend millions on their pets but they spend a lot more dining out every year. man in the philadelphia dining scene, stephen starr, 30 restaurants overall, 19 in philadelphia. they now employ more than 1,500 people. real pleasure sglp thanks for having me. >> thanks for having us here. you're the guy in philly. you've grown like wildfire in 17 years. i'll give you a chance to tout your hometown here. everybody talks about new york as the culinary capital. make the case for philadelphia. >> philadelphia is a fantastic place to do business for ma
CNBC
Nov 21, 2012 12:00pm EST
gas prices. with the fiscal cliff, that would have been a real problem for the u.s. economy, so this is very positive, but the oil market will be key in this. if the oil market reverses and goes higher and closes green on the day, that will tell you that the markets do not believe this cease fire's going to hold. we've had several of these over the last, well, thousands of years, but let's call it ten years for now, that have broken. watch oil. that is your key. >> investors seem at least willing to trust the headline because the dow industrials have added a bit more to the gains we have seen. there's a look at the dow, up 47 days. coming up, the soda stream ceo on how to manage a global company in times of uncertainty. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. i've been a superintendent for 30 some years at many
FOX Business
Nov 28, 2012 1:00pm EST
interest deduction may be on the chopping block if the economy falls off the fiscal cliff. what does it mean for you and your nation's nascent housing recovery? rodney anderson is the director of supreme lending. welcome, sir. >> good afternoon, lori, rodney, the mortgage interest deduction, on? mous with terms like sacred cow and untouchable but that is changing. >> absolutely. we know several years ago they would have to address the mortgage interest deduction. what we need to remember here is the housing market is already in a troubled stage. ben bernanke last week saying mortgage lending guidelines are overly tight. so we're in an area right now that we know we need to get rid of the deduction but how do we do it? we have to do it structured. lori: let me come in here with this point. are you saying if we get rid of this deduction it could thwart, to your point a very vulnerable recovery? today we got the mortgage apps down 23 years from the prior weeks. new home sales were down when they were expected to rise? >> yeah, it could absolutely hurt the, short term it could hurt it. l
MSNBC
Nov 21, 2012 3:00am PST
to the economy. according to a new study the fiscal cliff could give 90% of americans new tax bills when the bush tax rates and some by president obama would both end. the working poor would be among the hardest hit. a tax policy center analysis showed a married couple making about $30,000 a year would on average go from receiving a $15 tax credit to owing $1400. >> wow. >> yeah. that's probably a reason to try and get something done? >> maybe we will. maybe we will. >> you would think. >> yeah. or maybe we can just talk about 2016. >> we could do that as well. how are you doing, willie? >> i'm doing well. >> good. just two weeks after the longest -- >> thanks for stopping by. >> doing well. >> you know, just two weeks after the longest, most expensive and exhausting election in u.s. history eyes are turning to 2016 as speculation begins over the next batch of candidates lining up to run for president. >> who could that be? i know it's going to be a surprise. >> i know it is too. we're moving past these dynasties. >> exactly. >> of ruled politics for decades. republican up and comer jeb bush jr.
MSNBC
Nov 28, 2012 2:30am PST
brighter for the u.s. economy, but, boy, we still need to bang some heads together on this fiscal cliff because until we're going somewhere on on that, these markets are treading water right now. back to you. >> all right, geoff cutmore live in london. thanks. >> what would you do with 500 pll million? >> i would say that's gambling and that when we cover the story, we ought to talk about the draw backs on people being taken advantage of and never get any money. >> t.j., how close did you get to becoming extraordinarily wealthy just this time last week? >> pretty close. one number off. >> are you going to try it again? you were one number off. are you going to try it again? >> it for a half a billion, absolutely. >> see, t.j. has it right. you've got it wrong. >> we never cover the story. >> so $500 million, my friends. $500 million. think about what you could buy with that. >> and then save your money. >> that you could buy. that's how much tonight's power ball drawing will be for. and so far it's the second highest jackpot in history behind april's $656 million mega prize. the odds fo
CNBC
Nov 27, 2012 4:00am EST
are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, et cetera. and so when the banking system suddenly said we've got ano
FOX Business
Nov 21, 2012 1:00pm EST
nothing done and whether it is the fiscal cliff specifically for the economy in general, these people are there doing nothing, still they're the ones who helped get us into this mess. now they are back. let me ask you about one more thing. we keep hearing about companies like wal-mart paying dividends before the end of the year, realizing dividend taxes will go up, people can click ahead of time, same thing we are hearing about bonuses. it is easy to pay somebody their bonus december 25 of january 2 depending on the tax treatment. do you think that is going to impact gdp in the fourth quart quarter, that there is just a lot more cash realized, like mark peabody and we see a decline in the first quarter because of that, or not? >> the pull forward effects. that is something that is a risk, although quite honestly us economists have been marking down our fourth quarter gdp numbers, we're only now looking for growth at about 1.5% in the fourth quarter. the other thing to keep in mind is how much of that money would actually be spent, depends on how consumers are feeling. if they are feel
FOX News
Nov 28, 2012 6:00am PST
leader eric cantor. moments ago on the hill. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. republicans are committed to counting t continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. that's one reason why we believe we put revenue on the table, as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this -- this fits the president's request for a balanced approach to this issue, and we're going to continue to work with the president to try too resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train, and it has to be dealt with, and in order to try to come to an agreement republicans are willing to put revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this dry sis, and sooner rather than later. >> good morning. you know i was h
CNN
Nov 25, 2012 12:00pm PST
of a fiscal cliff. and things are looking up in this economy, particularly when you look at the energy sector in the united states. a new report from the international energy agency predicts that the u.s. will become the world's largest oil producer by 2017, temporarily surpassing sawed a rab ya. the same report projects the u.s. will be nearly energy efficient by 2030. these are the terms you heard in the campaign talking about lower energy independence. that includes canada and mexico which are big oil producers. but all of this business was something unthinkable not too long ago. there is an oil shale boom in the united states. new drilling efforts are deri deriving growth and creating jobs. that number is expected to grow to nearly 2.5 million jobs in the next three years. could reach 3.5 million jobs in 2035. it's because of a job called fracking. hydraulic fracturing is the full name. is involves pumping sand and chemicals into the ground at high pressure to crack rocks open. there's gas in them rocks. it's a costly process. there are environmental concerns. some people say they even ca
CSPAN
Nov 26, 2012 2:00am EST
fiscal cliff, the largest fiscal cliff, which according to our own analysis would throw the economy to the recession -- i do not believe the fed has the tools to offset that. that is why i believe it is important for the congress to address these fiscal issues soon and in a bipartisan way, a way that achieves the necessary long-term sustainability concerns the value of talk about recently, but also takes into -- i know you have talked about recently, but also takes into account how much strain will be experiencing in the next six months to a year from fiscal changes. fromt's have a question the audience. >> you talk about the uncertainty of businesses because of all the things he mentioned. that is impacting decisions on investment. how much growth has been lost because of that, do you anticipate? >> it is neither here nor there, but when i was a graduate student 30 years ago i wrote my dissertation on the question of how uncertainty effects investment spending. i concluded it is not a good thing. [laughter] they gave me a ph.d. for that. [laughter] so it seems pretty clear -- one o
CNN
Nov 26, 2012 8:00am PST
on the economy, the fiscal cliff. but today we have some very specific answers to very interesting questions. cnn's political editor paul steinhauser joins me live. first of all, paul, are people paying attention to the fiscal cliff? >> it seems they are. look at this, a cnn national poll out this morning. and we asked, what will the effect be on the country if it goes over the fiscal cliff? nearly 7 in 10 say major problems for the country, maybe even a crisis, with only about 3 in 10 saying minor and no problems. and john, personally, three quarters tell us they think their pocket books will be affected if the country falls off the fiscal cliff. >> we've heard both sides fighting. what do americans say they want to see in the deal? >> they want compromise, and what do they specifically want? look at these numbers. two-thirds say they want spending cuts, and some tax increases combined. only about 3 in 10 say just spending cuts. and john, it's interesting. when we asked just republicans that same question, slight majority said, yes, spending cuts and tax increases. >> interesting. do people thin
CNBC
Nov 26, 2012 3:00pm EST
's sandy and what's the real economy and after that figure off the fiscal cliff. >> all of that feeds into what you were saying, bill, expect a lot of volatility. the sandy effect will make it harder to decipher what's going on with the economic data. >> and the economic data is going to be skewed by mother nature, by politicians, a lot of things. you need a longer view, more than four weeks -- >> what's your view right now? >> cautious. but have you to be invested. you can't sit on the sidelines earning zero thinking you're going to accomplish anything. the one-year treasury at a quarter of a percent doesn't work for me. there's lots of opportunities out there and it gets back to focus, having a steady hand, ice in your veins and no one to buy. volatility could be good for an investor with a strong stomach and a strong will. >> but i think when you say words like cautious, sometimes -- i agree with bill with what he's saying but i think using a word like cautious overstates it. have you to go in here, go on the offense and use these dips to start buying. i don't think people need to
Comedy Central
Nov 27, 2012 11:30pm PST
kiss our economy good-bye. because we will all be going over -- >> that fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> that dreaded fiscal cliff. >> stephen: yes, the dreaded fiscal cliff. an unavoidable money will technology the razor-sharp financial rocks below. it all started back in 2011 during the showdown over raising our debt ceiling when republicans wanted spending cuts and obama wanted to raise taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull
CNBC
Nov 26, 2012 1:00pm EST
. >>> if lawmakers do not act to save the economy from falling off the fiscal cliff, $490 million would be cut from the centers for disease control and prevention's national breast and cervical cancer early detection program. which would result in over 33,000 fewer women screened for breast and cervical cancer. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> lawmakers, their bellies full, are returning to washington after the thanksgiving break. the senate officially returns to work in 45 minutes. congressional leaders expected to meet with the president again this week as they try to rise above and come up with a deal to avert the fiscal cliff. on january 1st, of course, we would run off the cliff unless action
CNN
Nov 23, 2012 11:00pm PST
't provide a will the of benefit to the economy. when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. >> hi. >> you know, i can save you 15% today if you open up a charge card account with us. >> announcer: we all love a good deal during the holidays, especially identity thieves. they can open an account in your name and go on a seriou
FOX News
Nov 27, 2012 2:00pm PST
the economy going over the fiscal cliff. no mystery what the issues areu. the democrats know, republicans know and so does president obama. entitlements are pushing the country toward financial ruin. here is what the president said in 2010. >> the major driver of the long-term liabilities is medicare, medicaid and healthcare spending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down together and we could figure something out. that is manageable. medicare and medicaid, massive problems down the road. that's where, that is what our children have to worry about. >> dana: here we are, two years later and still no plan. on the left in congress refusing to deal with that simple reality. vermont senator bernie sanders caucuses with the democrats. take a listen. >> i get nervous when i hear the president and others continue to talk about quote/unquote, entitlement reform. which is just another cut for medicaid and medicare and social security. >> eric: brian, start with you, today. >> dana: you look surprised. >> brian: i am. yet honored. >>
FOX News
Nov 27, 2012 3:00pm PST
on in europe right now is the main issue in the global economy. even overshadowing the fiscal cliff. the markets today did not get a huge boost from the greek deal because they expected that it would happen. but they would have take an real hit had it not. bret? >> bret: amy kellogg in london. thank you. black friday shoppers got plenty of bang for the buck. that is later in the grapevine. up next, republicans try to zero in on hispanic voters. why is it that the most impressive technology often comes with a set of equally impressive instructions ? shouldn't something that's truly advanced, not need much explanation at all ? with the nokia lumia 822 on verizon, there's not much to learn because it's powered by windows... to let you do more than you ever imagined on your smartphone. exclusively with data sense-- a feature that makes the most of your plan. only on verizon. >> bret: republicans are already looking ahead to the next election. in 2014. they are trying to do something about the low numbers with hispanics. correspondent doug mckelway on the first steps this week. >> clearl
NBC
Nov 21, 2012 5:00am PST
tools available to offset the impact of the economy going over the fiscal cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nearly $9 billion loss due to accounting issues. we do get data out today on unemployment, manufacturing and consumer sentiment. the dow slipping about seven points s points. the nasdaq inched up in yesterday's trade. hostess brand is moving forward with plans to go out of business after last-minute talks with striking workers failed. the two sides were pressed into mediation by a bankruptcy judge in an effort to save more than 18,000 jobs. a court hearing resumes today in new york. hostess which makes twinkies will ask the judge to approve a plan to liquidate the 82-year-old company. back to you. >> all right, have a great thanksgiving. >>> it may be a few days for john mcafee. he is a person of interest in the murder of his neighbor in his adopted home of belize. he said he's run into some kind of trouble, doesn't say what, and he has to move, he says, to a new location. he doesn't actually update the blog itself. he phones it
NBC
Nov 21, 2012 6:00am PST
. ben bernanke says the fed cannot, will not, soften the blow of the economy going over the fiscal cliff. vermont senator patrick leahy this morning did another 180. reversed himself for the second time. in a controversy over the way police read people's e-mail. he at first said his office would craft a new law making it harder for police to see your e-mail without a warrant. this came after the fbi was able to read 10,000 e-mails between several u.s. generals and their lady friends without any warrant or even evidence of a crime. leahy said he'd put a stop to that. then under pressure from law enforcement leahy not only dropped the idea, he wrote a bill that would make easier. then twitter users got upset for that reversal. this morning, the senator said, you know what, never mind. >> ah, guess that's a politician's prerogative. >> 180/180/180. you do the math. >> the ultimate flip-flop. all right, scott, thank you very much. >>> time to check that forecast with meteorologist loren. >> a stark contrast from yesterday. we had quite a bit of rainfall yesterday, overnight. this morning, a
CSPAN
Nov 27, 2012 7:00am EST
are saying go over the fiscal cliff? caller: yes. it is not even enough in my opinion to balance the budget. it is still about three times the average deficit under bush. let us go back to the clinton tax era. eileen anywhere between republican and libertarian. up -- yes i am not. i lean anywhere between republican and a libertarian. host: what do you make of republicans up on capitol hill -- to sort of a back off the tax pledge that he took when he ran for senate, saying he would not raise taxes. caller: if we are going to raise taxes my important thing is raising them on everybody. because if they try to strike a compromise where only the rich get taxed, then it gets more progressive. it is not a point to help the budget. we are right to raise taxes, raise them all the way down to where clinton had them. host: senators lindsey gramm represented peter king, talking publicly abandoning the pledge of democrats will talk seriously about entitlement reforms. rest in peace, grover norquist? there are not enough republican tax hikes -- republicans to hike taxes for obama. the left is doing its b
CNBC
Nov 28, 2012 4:00pm EST
such as the fiscal cliff, but we think it'll contribute to optimism about the economy. >> you're in a
CNBC
Nov 21, 2012 3:00pm EST
. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most accommodative from a nervousness standpoint. i will tell you it was the number one conversation. and even though it really isn't about oil, that's the market everybody is trading to of course kind of play the headlines. >> michael, how about you? how does this impact the way you're allocating capital? >> well, as you know, our strategy is about 45% in cash while the prefunctory -- what we'll have left to boost us higher. i think the market does go higher. here's why. you have $85 billion each month from the federal reserve as far as balance sheet expansion. you have negative real interest rates that will be getting even more negative. i expect inflation to take off significantly early in 2013. >> but if you're sitting on 45% cash, that says to me you're still expecting more downside here. don't you think we've already seen
FOX Business
Nov 23, 2012 1:00pm EST
a nightclub on wheels that could be in the tracks next. tracy: a string of companies on the fiscal cliff, haven't heard from a very important sector of the economy. on a really rare move, walmart, walgreen's, publicly into the fiscal clip battle and they are not holding back on what thhy think of washington. dave: liz macdonald never holds back. liz: it is surprising. you heard from the usual suspects, council on economic recovery and the like. walmart is saying our customers don't need the uncertainty over tax increases. cbs in in -- pointed language, our hard-working families, customers, they are making decisions on their own budgets and their confidence has already been tested, they are facing persistent high unemployment, fragile economic growth. our customers want to know that d.c. is working on their behalf and look at what walgreen's is saying. the top executive saying our customers's health care needs are met by walgreen's. we have to avoid the fiscal cliff. it is critical, it is 50. we need also for us as a business to have fiscal clarity so we can make the investment to create
FOX Business
Nov 27, 2012 1:00pm EST
for the dollar. we go over the fiscal cliff, bad news. ashley: yeah. >> world's biggest economy headed for another recession. i think dollar benefits as a safe haven currency. we avoid going over the fiscal cliff or go over the fiscal cliff for short period of time people focus on the u.s. for a bit because europe is in recession. win-win situation for the dollar but we have to get through the correction first. ashley: big correction to get through. thank you. >> appreciate it. ashley: thank you. tracy: good stuff. will the coast of hurricane sandy keep adding up? man, they are huge now. now the question is who will pay for the storm? federal government or local taxpayers like well, us? liz macdonald here is more with emac's bottom line. do they know the final number? good to be with you guys. they don't know the final number. governor andrew cuomo is weighing in on this debate. cost for new york state, $41 million. 19 billion in new york city alone. what is being incurred to date by the state of new jersey. when all said and done could surpass the cost of hurricane katrina which stood
FOX Business
Nov 22, 2012 7:00pm EST
recession. >> absolutely. so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes just simply stopping, for the first time in some time ever, congress and our president actually think through public policy. >> absolutely. tax-cut reform on the one hand, and salomon reform on the other. if congress and the president move in that direction it would be a very, very positive signal that the political process is actually functioning. lou: a real quickly, we're out of time. some symbols, reasonable template. >> i think it is. lou: thank you for being here. president obama's reelection reigniting the debate about illegal immigration. what a republican ship on
FOX Business
Nov 20, 2012 7:00pm EST
and the election. lou: your outlook? fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some ext
PBS
Nov 21, 2012 4:30pm PST
, we have a thanksgiving special edition. on the fiscal cliff, those big spending cuts and tax hikes set to hit the u.s. economy on january 1, we examine whether congress and the white house can strike a deal to avoid going off the cliff. so be sure to join on us, we look at the impact of the cliff on jobs, how strategies for investors, and tom talks with mark mobius, the global investing guru. that's "nightly business report" for wednesday, november 21. happy thanksgiving everyone, and hope you have a great holiday too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> join us anytime at nbr.com. there, you'll find full episodes of the program, complete show transcripts and all the market stats. also follows us on our facebook page at bizrpt. and on twitter @bizrpt.
CNBC
Nov 28, 2012 7:00pm EST
or no fiscal cliff, your taxes will probably go up anyway. it's all because of obama. >> the economy, slam investors and triple capitalism. say no to nationalized health care system, no to blanket tax increases and that means let low. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which
FOX News
Nov 27, 2012 1:00pm PST
. if we grew at 4 percent we would not have the so-called fiscal cliff. >>neil: what do you think of grover norquist and the easy fix? >>guest: i think he has done a great service to the country in getting so men people to take a pledge because this is some pressure on the people, now to go back on their word and there should be pressure because it is the wong thing to do so grover norquist and americans for tax reform, i worked with him for 15 years getting the state letters to sign the pledge, and it holds people's feet to the fire and to sign this, if they go back on their word they will suffer the repercussions next election. >>neil: thank you, senator. if republicans telling grover is over are making senator harry reid happy, should that make you worry? who better to ask than grover? tonight, on fox business network. you don't get it? demand it. you don't want to miss this. >> steer clear of the cliff, gouge them at the pump? get ready for real road rage. >>neil: i am headed off to the city of angels. the ladies can't wait. >> so crazy it is here. >> my heart is pounding. >>
CNN
Nov 21, 2012 7:00pm PST
million last year. the report mainly blames the slow economy and concerns over the fiscal cliff. wrr. >> call calder the luckiest turkey in america, after receiving an official poardon from the president. >> we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] telle about it. why am i not going anywhere? you don't believe ha
CNN
Nov 22, 2012 1:00am PST
and concerns over the fiscal cliff. >>> you can call cobbler the luckiest turkey in america after receiving an official pardon from president obama. unlike millions of other turkeys heading for the oven, cobbler is retiring to george washington's former home at mt. vernon. anderson, back to you. >> susan, thanks very much. we'll be right back. [ male announcer ] itchy dry scalp? get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue.
CBS
Nov 20, 2012 6:00pm PST
to the "fiscal cliff," it might seem like a bad time for business to bet the farm. but that is exactly what some bay area businesses are doing. cbs 5 reporter mike sugerman shows us they are hoping today's risk will be tomorrow's reward. >> reporter: the company is called jive. these days business is anything but. >> we hired over 100 people throughout the course of 2012. we have opened a new office in san francisco. >> reporter: tony zingale runs the company a social software for the workplace and it's booming not falling off a "fiscal cliff" not concerned with dark clouds over europe. it sees itself on the leading edge of recovery. >> economic downturns always have an up turn at some point and the great companies are the ones that are prepared for that. >> certainly good times in san francisco or they are coming back strong. >> reporter: at the chamber of commerce they point to a lowering unemployment rate and more jobs led by tech, healthcare and tourism. where will they all sleep in where are they going to recline? on their power recliner? >> we're cautiously optimistic. >> reporter: that th
FOX News
Nov 23, 2012 8:00am PST
-called fiscal cliff, and they're not holding back. elizabeth macdonald is with the fox business network. okay, liz, so who are these corporations, and what exactly are they saying? >> good to be with you, arthel. it's walmart, cvs and wall greens. walmart or is basically saying, look, customers don't need the uncertainty over tax increases, and let's get to cvs caremark because these two drug store chains are basically making rare public policy statements that we've never seen before from these companies. they're urging washington to avoid the fiscal cliff. cvs caremark is essentially saying, look, our customers are hard working american families, they make decisions on the budget. they've been faced with, basically, persistent high unemployment, fragile economic growth, and they want to know that d.c. is working on their behalf. so and that was also the same sentiment that you heard out of walgreens. walgreens also saying, basically, the health of the u.s. economy, the recovery and american families depends on a consensus agreement in washington, d.c. to avoid the fiscal cliff, and walgreens
CNBC
Nov 23, 2012 1:00pm EST
strategy pay off for retailers? will concerns about the sluggish economy and the fiscal cliff keep consumers home? all questions we seek answers to. >> let's get some answers. cnbc contributor stacy liblet at queens center mall here in new york city. we also have liz dunn of mcquarry capital on the west coast in san francisco. great to have you all with us. laura, why don't i get to you first of all. what are you seeing out there on the floor of the malls? >> so traffic's slowing a little bit which is normal for the afternoon. i think that most of the traffic -- most of the big buys were for electronics and toys. those happened last night. they may be happening online more and more. but the mall's bit slow, we think, relative to a year ago. >> do you think people came in earlier with all of these earlier openings that we've been hearing about? do you feel maybe that's just drifted off a little bit as everyone's now done their shopping and gone loam to bed? >> i'm pretty sure that that is what has happened here. you don't normally see -- this is an urban mall in queens. i would not
CNBC
Nov 28, 2012 12:00pm EST
before he meets with several of the nation's ceos on the economy and the fiscal cliff. let's go down to washington and get some reaction from our john harwood, who's been listening in. john, i think it's fair to say that the house speaker sounded a bit more conciliatory today, saying things like he's willing to put revenue on the table, yet again he's optimistic a deal can be reached. i'm not sure the president sounded so much. >> reporter: what you heard there, scott, was the president trying to leverage his advantage in public opinion. remember a couple things, first he just won the election. second of all, his position on raising taxes on top earners is very popular in the country, well over 60% of the american people say they want that to happen. you've begun to hear some republicans say they ought to do what the president just asked for. tom cole, a conservative congressman from oklahoma, former executive director of the republican national committee. he said yesterday republicans should just take the deal the president is proposing on the 98%, extend those tax cuts, and then fi
MSNBC
Nov 26, 2012 2:00am PST
in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013, and they want to remain cautious as we move forward into the next year. >> that was kristen dahlgren reporting. speaking of, congress returns from the holiday this week, still facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social security and medicare. >> i
FOX
Nov 28, 2012 6:00am PST
their input how to grow the economy and how to deal with that looming fiscal cliff. they are saying taxes will go up if congress does not act. >>> still on the scene of a fire that may have been intentionally started inside a classroom at alameda high school. brian flores joins us with more on why the fire was considered suspicious. >> reporter: it looks like police investigators are here now continuing to gather any evidence they can from this suspicious early morning fires. now let's go to video we shot earlier this morning. according to investigators, the fire started roughly around 3:00 a.m. this morning and one of the classrooms had flames coming out of it from a nearby window and they quickly put it out but what they found was one of the windows was opened and it leads officials to believe it is suspicious in nature. >> we had a fire alarm at the alameda high school and we came here and found a fire and put the fire out and the fire is suspicious in nature. >> reporter: now in terms of damage several books were burned and a window was damaged. police believe there may have been smal
CSPAN
Nov 28, 2012 1:00am EST
. [inaudible] >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense and opportunity here at the end of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusion. which leads me to make a further observation about how unfortunate it is that the majority leader has chosen to create an extraordinary controversy here in the senate right here at a time when we ought to be encouraging maximum bipartisan cooperation, about threatening to employ the nuclear option, which is to break the rules in order to change the rules of the senate. i hop
MSNBC
Nov 26, 2012 11:00am PST
the fiscal cliff is not a fiscal cliff. i think it's a slope. i don't think it's going to ruin the economy if it happens over time, but the reality -- the problem is we don't want to cut tax de ww wwe -- we don't want t taxes or increase spending in the middle of an economic downturn. you've got do it where you expect it. the whole fiscal cliff conversation is an acknowledgement that the stimulus actually worked. what we're saying is we don't want to cut the deficit too fast. now when it comes to the fiscal deficit -- >> i want to transition you to the other hot topic that we've been following. it's senator john mccain and his stance or lack thereof now against ambassador susan rice. let me play what he said earlier. i believe it was november 14th and his new line of words, i guess, regarding her possible nomination for secretary of state. let me play it back to back. >> we will do whatever's necessary to block the nomination that's within our power as far as susan rice is concerned. >> she could conceivably get your voros for secretary of state? >> i think she deserves the ability and opp
CNBC
Nov 23, 2012 12:00pm EST
uncertain because of the fiscal cliff will it be the discounter or the luxury retailer? >> that is the question we are asking our two guests. eddie roomer from key bank capital markets and eric vito. gentlemen, great to have you on the show today. eric, how do i play black friday and the future holiday season? >> if you look at it this is a bargain-driven season. i think the people taking advantages are the players with the best discounts. they did take advantage of lower raw material costs to lower pricing here. when you look at this, you get aggress erv, names like aeropostal and a company like new york and coach, spending two years on figuring out how to discount right. >> ed, how do the lux injure are retailers do? >> clearly this is the morning for the value price retailers action though we saw tremendous traffic at nordstrom. frankly the store was jammed. we thinks companies like nordstrom are well positioned. >> who is not well positioned. >> it kind of levels of expectations here. retailing world has to prices here by look who doesn't have that right now, some o
FOX Business
Nov 25, 2012 1:30am EST
than half saying the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades e air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journa the fiscal cliff, fiscal cliff, it could be the-- i don't know intimidation factor, it could actually be worse than going over the cliff. >> i think that's a brilliant point, charles. if we went over the cliff for a few months the impact would not be enormous, and uncertainty is a bad word and fear is a really, really bad words and these are the wor
FOX
Nov 27, 2012 4:00am PST
the economy is stuck in first gear. > in your survey, did you question them specifically about the fiscal cliff? are they concerned? > > we didn't question them specifically about the fiscal cliff, but based on the responses, it is really clear to me that that uncertainty is starting to creep in and undermine how consumers feel about financial security. we saw a decline relative to the prior month: in october everything had gone up; in november, we gave a lot of that back. every category of financial security showed a decline relative to the month prior. and that is after the election. so that uncertainty was out of the way. consumers are beginning to focus on the fiscal cliff. > why do you think they are feeling that way? > > first of all, once the election was over, a lot of the focus, both in the financial markets and elsewhere, turned toward the fiscal cliff. the reality is this: if we have a recession in 2013, it is going to hit everybody. unemployment will go up, earnings and net worth will all go down. as people start to realize that, they are going to become more concerned and the
CNN
Nov 28, 2012 6:00am PST
the fiscal cliff. let's listen. >> good morning, everyone. in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table but it's time for the president and democrats to get serious about the spending problems that our country has. but i'm going optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heart
MSNBC
Nov 21, 2012 6:00am PST
states going over the fiscal cliff. i think it would send a very dangerous significaal around th world, but it would also compromise our economy. >> and, quickly, there's a lot of speculation about what type of deal, what the deal will actually look like, talks perhaps coming to an agreement to have a mechanism in place that would have sizable deficit reduction and have sizable entitlement reform in 2013, a little bit now, a lot later. do you think it's possible in the lame duck to do a big deal or get a blueprint in place by january 1st? >> well, my best guess is, and it's just a guess, is that we have a blueprint and that we do make some changes. but that a commitment is made, not something as extreme as the sequester but a commitment is made for tax reform and other reforms that take place in 2013, but that we do enough to get us through the end of the year. i don't think it will be a completely kicking the can down the road because we can't because as my good friend from vermont says, you know, everybody's taxes will go up. i can't see that happen. i really can't. >> representative
FOX
Nov 24, 2012 7:00am PST
to avert the fiscal cliff. the news reports the first projected budget surplus in a decade could turn into an 11 billion-dollar deficit. economists economists predict it would throw the economy into chaos triggering another recession. . many to 90% of california residents would see taxes go up. >> the cliff could also endanger the future of charities. nonprofit organizations are telling washington they can't survive if their funding is slashed. congress is considering a proposal that would cut from 35 to 28% the amount wealthy americans could write off in donations. >> a 1% decline in giving to american higher education would result in a loss of $300 million a year to colleges and universities. >> they have launched a new lobby including a website asking charities to contact their members of congress. >> the turkeys that didn't go to the thanksgiving table will be dished up because of the south of market store. more than 200 of their unsold fresh turkeys were frozen and donated to saint anthony's. they provide food for homeless, seniors and the working poor. they said that the nee
CNBC
Nov 27, 2012 4:00pm EST
on the fiscal cliff, chances are we get a slower economy next year because of the higher taxes and cutting spending? >> i want to touch on something that liz just said. i have tried to get her to play along with this game. >> i gave up long ago. >> she always resists me when i try to pin her down on the number. i guess she's smart. as you mentioned, a fellow from morgan stanley coming out saying, look, i blew it. it's a pain for me. i don't want to do this. i think what they're banking on is this whole fiscal cliff thing, the europe thing. all of the head winds for the market are never going to see the worst case scenario. i think just kind of the picture is this muddle through going forward. i called up today and tried to -- i talked to some of the most bearish people i know. they're all just kind of saying, yeah, we're going to muddle through. the fiscal cliff is going it get resolved one way or the other. europe is going to get resolve one way or the other. i think this is one of -- >> steve, he brings up a good point. consumers are not worried about the fiscal cliff. intraday trading t
FOX Business
Nov 26, 2012 1:00pm EST
on the market driving prices higher, but the looming fiscal cliff. what will it do to the economy, tipping it over. flat earnings growth. tracy: that comes back to the consumer, and the consumer being nervous, that is how the bottom line is affected. >> it is partially the consumer. this has been a subpar recovery. the consumer has done more than their fair share, growing activity at a healthy pace. there are issues that give you pause for next year. most of which on the fiscal cliff, also have how is the financial sector going to respond? more bank lending next year or less given the uncertainty? tracy: a lot coming down the pike. dodd-frank, uncertainty in texas. nicole petallides mentioned it, still incomplete disarray. said i will do whatever it takes, still can't seem to get a deal out of there, can we? >> europe is in a recession. thewe will do everything in ther power and has come up with their own version of quantitative easing. bernanke has done qe3, so do everything they can to underpin growth, but bernanke himself has admitted his tools are basically powerless if we go over the
NBC
Nov 26, 2012 3:00am PST
cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made during the campaign. and i think he will. this is about fairness. why do we need to deal with the tax on the rich first? because we must assure americans we are dealing with fairness. we keep talking about shared sacrifice. there was not shared wealth and shared prosperity. so you're asking people that didn't enjoy the good times to share in paying for the tab that they never enjoyed. so i think that when we first deal with the taxes, as you raised in your first point, and then go from there talking about how we deal with entitlements and all, you have a fairer environment to govern from. but you can't put it all on seniors and poor people and people of color. >> you know during the campaign, the president said there would be $2.50 of spending cuts for every do
CNBC
Nov 22, 2012 4:00am EST
't shrunk in the u.s. until now. people talk about the fiscal cliff and problems in the economy. that's a big question, but profits are already shrinking and that looks like a bad risk-reward trade. >> from a trade perspective, which is entirely different, there is an argument on to be made that actually if we get some kind of agreement on fiscal cliff, naturally there would be some kind of bounce. >> i would assume so. but how long it lasts is a different question. even then you'll be tightening fiscal policy. so the best you can hope for is very low growth anyway. and they'll be looking at s&p companies. activity is a lot weaker than it was and that will put pressure on the top line. which is pretty much what you've been seeing from a lot of companies that have been announcing 46- >> so you'll also be underweight emerging stocks, as well. >> we've been underweight emerging stocks since january of last year. and that is mostly ---le valuation question in part, but mostly it's a question of china and slowing chinese growth. so if you look at the performance of industrial commodities a
CSPAN
Nov 28, 2012 9:00am EST
all we can to avoid the the fiscal cliff, to grow our economy, a understand to create the jobs that the american people need and deserve. thank you, madam president. i yield the floor. mr. thune: madam president, i want to h echo the words of my colleague from wyoming with regard to this whole issue of the senate rules because i come from the house of representatives. came to the senate having served first in the house of representatives. served three terms there. and the house of representatives of course is very structured. there is a rules committee. if you want to get an amendment considered, debated, voted on in the house of representatives, there is a process. you have to go plead your case to the rules committee. the rules committee can decide, no, we're not going a how that amendment to be considered. we're not going to allow that amendment to be debated. they can decide which amendments are made in order, how much time is allowed on each amendment. it is a very structured process in the house of representatives, but it makes it very difficult for an individual member t
CSPAN
Nov 28, 2012 7:30am EST
to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration reform, but it is one of the abilities to move rapidly to inject skill to the economy to fill jobs we badly need to fill to sustain our growth. it is not long term solution to the skill problem in america but a critical step we need to take to move the needle. we have got to simplify and realize the corporate tax code. everybody agrees. we just did a survey that included a loss of members of the general public, not business leaders, not sophisticated observers of the economy but the general public, and 70% of the general public believe we need to simplify the corporate tax code. that is how deep the understanding of the pr
CNN
Nov 21, 2012 10:00pm PST
. the report blames the economy concerns and the reports on the fiscal cliff. >>> and you can call cobbler the most lucky turkey in america, after receiving an official pardon by president obama. like many other turkeys heading for the oven, he is retiring to the mt. vernon home. >> thank you very much, suzanne, we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today.
CNBC
Nov 27, 2012 1:00pm EST
to make a deal with president obama to avoid the fiscal cliff and impact on families but also seen washington's disfunction and has his doubts. >> somewhat just like the president, time to go ahead and do your job. >> reporter: speaker boehner is secure enough in his own district here north of cincinnati i-75 that his constituents will give him a freehand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. the next four weeks that is the challenge john boehner, eric canter, and candidates on the house and senate are going to find. how do you put together a deal that not only the leaders agree upon but members of the caucuses can give majority to us in both houses? >> indeed, john, thank you very much. >>> meantime, some important economic data came out today and if you were looking at it expecting to see signs of worry about that looming fiscal cliff, you might be surprised. steve liesman has been analyzing it. it doesn't seem to show an economy that is all that worried abou
FOX Business
Nov 23, 2012 3:00pm EST
couldn't get over it, you say we overestimated the importance of the fiscal cliff? how is that possible? the average family will have a pretty $500 tax hike if this thing goes through. if we fail to do anything at all this could mean things like an economy killer and market bust. why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. i think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the proble
PBS
Nov 27, 2012 12:00pm PST
? >> i'd like to say starting january 1. >> rose: what happens if the fiscal cliff comes and happens? what will it do to our economy? >> i don't think it will do that much because i think people will assume that a solution will be found quite promptly. it's a little like the debt ceiling question. i mean, people know -- the rest of the world may think that we're idiotic at times but they don't think we're going to commit suicide. and so i think if -- i hope something gets worked out before january 1, but if it goes a little beyond that i do not think -- >> rose: so january 10 or -- >> if you guaranteed me that the fiscal cliff we would go past that, i wouldn't sell a share of stock today. >> rose: you have that confidence that in the end they will fix it? >> yeah, and this that think economy works. >> rose: is it getting better? >> it's getting better. it's been getting better since really the summer of 2009. we've had four years straight now where the stock market's given a profit of return. the economy is getting better. we had a tremendous bubble and when it burst it was -- it had
CSPAN
Nov 28, 2012 5:00pm EST
their money. and furthermore, on the fiscal cliff, the 1/3 of the economy, the economic problems are caused by lack of employment and so if more money were spent on a jobs program, especially building roads, things that increase productivity for people, would be much better off than giving tax breaks to the rich. or to actually anybody. so i think that this whole argument is skewed because people don't understand we have a supply-he can manned economy and it's the demand that's broken here. host: ok. guest: i think the caller makes a good point. there's no question that the most immediate problem facing the economy is a continued lack of demand. basically economic inactivity, spending, investment, which is still somewhat leftover by the financial crisis and the recession and there's this debate in washington about whether you should address -- whether you should address that now through additional spending measures, there's not many proposals anymore to do that although a few prominent people like larry summers and president obama's former top economic advisor has suggested renewing the pay
CNBC
Nov 21, 2012 9:00am EST
to avoid the fiscal cliff. we do that, we believe our economy can take off. stakes are very high. we want to make sure all the players are together on this. >> when she spoke on friday, nancy pelosi said there should be a way to communicate to the markets the degree to which progress is being made. if there's any progress being made at all. how do you think that's going to happen? what should markets expect in terms of trial balloons, notifications from the white house, from congressional leaders? can the markets start to anticipate some movement on that front? >> have you to understand we only have a three to four-week period left in this congress. this is the lame duck session. i think what we would hope to be able to do to make a down payment on the debt to make a down payment on the fiscal cliff, to give some predictability as to how we'll work our way out of the current budget stalemate so the market knows at least we're working together in a positive way. i don't believe we can get everything done in the next three to four weeks but i think we can make significant progress, avoid th
CNBC
Nov 28, 2012 6:00am EST
in europe could actually turn out to be just as damaging for the u.s. economy as the fiscal cliff. >> is that a picture of us if we don't handle our problems here too? is that the ghost of the future? >> i think in both cases, we're talking about politics getting in the way of economics. i think the fiscal cliff could be dealt with exactly as you said. if the politics weren't such a big issue, this could be solved. >> so what would be the best way to solve it, do you think? >> you know, i think there is -- what we need for this economy generically is austerity in the long run and some stimulus in the short run. and, you know, crafting that as part of the solution to the fiscal cliff is the issue. >> you put together a study on systemic risk and you rank countries. >> right. >> your number one most risky -- systemically risky country is japan. >> it's japan now. amazing. >> take this back to us for one reason. are we japan on a separate issue, on this issue, on the next sort of five, ten years? >> what happens with our measures of systemic risk is that when financial institutions h
KRON
Nov 27, 2012 6:00am PST
will grow 2%. >> again we will learn more at the fiscal cliff develops or on rebels were we in the fiscal wall in the nine states. playing with numbers like this sing your contract for tens of a percent. greece has been in recession for seven years. we will talk about next year also have to do with china. you should see a little bit more stimulus there than not. it is also not the best case scenario. we do not want to% growth in 13 or 4% growth >> england had big cuts and went to a double dip recession if you do not cut it could hit for higher cost down the road. >> speaking of higher cost everyone is expecting taxes to go up next year bell companies are paying out their dividends now that they would pay next year corporation >> thank you robyn will top two winners lose at 915 would rot thank you. >> 6:52 a.m. is a time of us take a look at the rather temperatures are now in the '40's and 50's it is cold outside but it is not in the 30's. >> off we are nowhere near freezing. as we head into the afternoon expect 60s and clouds. fremont is at 63. 62 in campbell. to the east bay danville 65.
CNBC
Nov 27, 2012 6:00pm EST
uncertaintily over the fiscal cliff, you need to own companies that exist regardless of what happens on the economy. take pbh. host of other brands you know. back on october 31st, we learned that pbh was acquiring a brand th for $2.9 billion. you have the house of chatral together. deals have always been perfect. pbh reported after the bell today and the results were very strong. the company reported strong earnings let's check in with the fabulous chairman and ceo find out more about the quarter. good to see you. all right this was a very interesting thing this quarter. you had already told people that you thought you could beat the number. you had four cents more than anybody thought. was it the strength of the consumer here. is it how much better europe is for you? >> what is the make up of that last bit? >> margins were better. we were being on the gross margin line. better with taxes and overall, this quarter given the warnico acquisition we were forced more or less to come out and give guidance and we took it up. so it was a strong quarter for us. one of the things, and i know
ABC
Nov 28, 2012 11:00am PST
fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk ab
KOFY
Nov 28, 2012 11:30am PST
mayer talking about ways to avoid that year end fiscal cliff. the president said he hopes to have an agreement by christmas.k0ydx he's urging the public to pressure the congress through social media on twitter. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north
CNBC
Nov 21, 2012 7:00pm EST
. and would help prevent us from speeding over that fiscal cliff, which would be a disaster for our economy. >> all right, well, that's it. i think you're rate about that. maine senator, susan collins, can't thank you enough. have a very happy thanksgiving. >> thank you, larry. >> all right. stock markets of course are still obsessed with the fiscal cliff. market did go up today by 48 points on the dow. you know, it is as though nothing else exists. so we're about to talk to a market pro who's going to help you with therapy on this market obsession. speaking of therapy, don't forget, folks, free market capitalism is the best bet to prosperity. this whole fiscal cliff issue is tied up with economic freedom and prosperity. i'm larry kudlow, we'll be right back. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our t
MSNBC
Nov 26, 2012 7:00am PST
out there and the fiscal cliff being a big one. they want the economy to do better and i think the american people as a whole are hoping this is the christmas that turns it around and if they can be part of that i think they will be. >> can i add something to that? i think this is an important point. as much as we all want to get the debt under control and we must, i think to keep the economy edging forward like it appears to be is part of the reason why a short team deal is not a bad idea. take the alternative minimum tax. if the inflation index isn't advanced for that and i believe republicans and democrats want to do it, 23 million middle class americans will have a 2,000 to 3,000 dollars tax increase on that alone. >> let me interrupt you for a second. i was making this point a little earlier when you start talking about these financial things, you know, the i don't want so say minutia but the more specifics of the negotiations and what the numbers mean and the two different sides will tell you that the numbers are different, it is kind of hard for the average person on who
CNBC
Nov 21, 2012 2:00pm EST
fails to reach a deal to prevent the economy from falling off the fiscal cliff, the faa's budget will be reduced by over $1 billion resulting in a 10% cut in hours for employees. >>> which cities can claim bragging rights that their companies are the best for stocks? cnbc knows. join us next week as we count down the three best cities for the stock market over the past year. brian sullivan takes you on the road to recovery and finds out which towns really have the right stuff monday on "street signs." >>> indeed we are very much looking forward to brian's road trip and all the great guests he has lined up and the cool stuff as well. we've got it lined up for you on monday, tuesday, and wednesday of next week right here on "street signs." if you have some guesses on where brian might be, you can tweet us using the #recoveryroadtrip. >> all right. before we go, let's take a quick check on the markets. we are a bit higher on the day as you can see right there with the dow and the s&p eking into positive territory. airlines been quite strong this morning. perhaps fuel prices down a b
FOX Business
Nov 23, 2012 2:00pm EST
just can't. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive the economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doing it. >> bring it on, melissa, bring it on. do melissa: there's many times in the past where we've loweredn mortgagal rates and increased revenue.es if i were to conceive it's a revenue problem, it -- which i'm not going to, but for the sake of argument, under for kennedy, reduced the top rate from 90% to 70%, in and in that time, revenue into the treasury went up from $94 billion to $15n billion by lowering the marginal rate. right there, there's your guy. look at him. >> you know, we can look at that, but, remember, that was i the 1960s #. the problems
FOX Business
Nov 26, 2012 5:00pm EST
are terrible. unemployment is awful. the economy is terrible. europe is falling apart. the fiscal cliff as everyone terrified. the market is scary. how can people be out there spending more than last year? >> pent-up demand. we have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. it has been terrible. people are ready to move on. melissa: they don't just get used to spending less? >> people who are rational. but the average guy out there is broke and is probably always going to be broke. there is nothing hard wired and us to be prudent. we go out and spend everything that we have. and then some. and you do have -- even though unemployment is high. we have more people in the work force to more people working in a year ago. that helps move us down the line a low bid. melissa: okay. thank you for coming on. great information. so there are plenty of ways to get fired. what about not getting a flu shot? one employer is terminating scores of workers. is it even legal? the details are next. i have been fired, not for a flu shot. plus, green
FOX News
Nov 24, 2012 10:00am PST
cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >> i don't think that obamacare should be on the table. it's the number one priority for the lawmakers right now whether you're a democrat or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela, i'm surprised you would
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